Lemonade, Inc. (LMND) Financials
Key financial figures for Lemonade, Inc. (Q3 2026).
Lemonade's Q3 2026 revenue rose 73% to $336.1 million and in force premium grew 34% to $1.55 billion, with a net loss of $43.7 million ($0.56 per share) and an Adjusted EBITDA loss of $20.4 million. Revenue was $336.1 million, up 73% from $194.5 million a year earlier, which the letter attributes to growth in gross earned premium and a higher premium retention rate from reduced quota share cession rates. This was above the $323 million to $326 million range management gave for the quarter in July. In force premium reached $1,550.8 million (up 34%), customers 3,520,555 (up 23%), premium per customer $440 (up 9%) and annual dollar retention 86% (up 1 point). Gross earned premium was $364.1 million, up 33%. On the outlook: Full year 2026: in force premium $1,632M to $1,639M (reiterated), gross earned premium $1,382M to $1,386M (raised from $1,374M to $1,378M), revenue $1,231M to $1,235M (raised from $1,214M to $1,220M), Adjusted EBITDA loss of $47M to $51M (unchanged). Q4 2026: in force premium $1,632M to $1,639M, gross earned premium $379M to $383M, revenue $342M to $346M, Adjusted EBITDA of $5M to $9M positive. Management continues to expect its first positive Adjusted EBITDA in Q4 2026 and first full year of positive Adjusted EBITDA in 2027. Figures are for Q3 2026, as Lemonade, Inc. reported them.
- Revenue
- $336M
- Net Income
- -$44M
- EPS
- $-0.56
- Total Assets
- $2.1B
- Operating Cash Flow
- $7M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $336M | -$44M | -$0.56 | $2M | |
| Q2 FY2026 | $274M | -$43M | -$0.56 | -$8M | |
| Q1 FY2026 | $234M | -$36M | -$0.47 | -$4M | |
| Q4 FY2025 | $228M | -$22M | -$0.33 | $18M | |
| Q3 FY2025 | $195M | -$38M | -$0.51 | $3M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $738M | -$166M | -$2.24 | -$26M | |
| FY2024 | $527M | -$202M | -$2.85 | -$21M | |
| FY2023 | $430M | -$237M | -$3.40 | -$128M |
Frequently asked questions
What was Lemonade, Inc.'s revenue last quarter?
Lemonade, Inc. reported revenue of $336.1 million for Q3 FY2026, up 72.8% from the same period a year earlier.
Is Lemonade, Inc. profitable?
Not in its most recent reported period. Lemonade, Inc. reported a net loss of $43.7 million for Q3 FY2026, a net margin of -13% on revenue.
How much free cash flow did Lemonade, Inc. generate?
Lemonade, Inc. generated free cash flow of $1.9 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Lemonade, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.